My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

March 8th 2018 2145:

EU +312.6

Heading south again:

Tuesday April 10, 2018 05:46

GM FF Friends,

EU going south again:



Regards,

John

NEWS on Oanda platform:

'EUR/USD continues to have an uneventful week. Currently, the pair is trading at 1.2319, down 0.01% on the day. On the release front, there are no major eurozone events. In the US, the focus is on inflation indicators. PPI is expected to edge lower to 0.1%, and Core PPI is forecast to remain unchanged at 0.2%. On Wednesday, ECB President Mario Draghi speaks at an event in Frankfurt. The US releases consumer inflation reports, and the Federal Reserve will publish the minutes of its March rate meeting.
Investors are breathing a sigh of relief after Chinese President Xi Jimping sent out a conciliatory message earlier on Tuesday. Xi was speaking at a development conference in China, and promised to lower tariffs on vehicle imports into China. This has been a major sticking point between the US and China, with President Trump complaining that China has a 25% tariff on US vehicle imports, yet the US only charges 2.5% on Chinese vehicles. Although China has previously declared that it would reduce the tariffs on vehicles, the markets were looking for some positive news, as the trade battle between the two largest economies in the world has shaken the markets in recent weeks. Xi added that China was looking to solve issues through dialogue rather than confrontation, and the markets are hoping that the US and China can avert a trade war, which could drag down the global economy.
US employment numbers ended the week on a mixed note, and the euro gained ground on Friday. US nonfarm payrolls, one of the most important economic indicators, plunged to just 103 thousand, well off the forecast of 188 thousand. Still, the markets do not appear overly concerned, as payroll reports often sag in March. On a more positive note, wage growth improved to 0.3%, matching the forecast. This improvement is likely to reinforce sentiment that the Federal Reserve could press the rate trigger four times in 2018. The Fed has maintained its forecast of three rate increases this year, and an upwards revision could boost the US dollar against the euro and other rivals.

Another Freaky Friday

EUR/USD Fundamentals
Tuesday (April 10)

1. 2:45 French Industrial Production. Estimate 1.5%. Actual 1.2%
2. 4:00 Italian Industrial Production. Estimate 1.0%. Actual -0.5%
3. 6:00 US NFIB Small Business Index. Estimate 107.0
4. 8:30 US PPI. Estimate 0.1%
5. 8:30 US Core PPI. Estimate 0.2%
6. 10:00 US Final Wholesale Inventories. Estimate 0.8%

Wednesday (April 11)

1. Tentative – German 30-year Bond Auction
2. 7:00 ECB President Mario Draghi Speaks
3. 8:30 US CPI. Estimate 0.0%
4. 8:30 US Core CPI. Estimate 0.2%
5. 14:00 US FOMC Meeting Minutes

*All release times are DST
*Key events are in bold
EUR/USD for Tuesday, April 10, 2018
https://www.oanda.com/labsds/graph/E...-04-9_2d_m.png
EUR/USD for April 10 at 5:55 DST
Open: 1.2321 High: 1.2335 Low: 1.2303 Close: 1.2323
EUR/USD Technical
S1S2S1R1R2R3
1.20921.22351.23191.24601.25811.2662
EUR/USD has shown little movement in the Asian and European sessions

1. 1.2235 is providing support
2. 1.2319 is under pressure in resistance. It is likely to be tested during the Tuesday session.

Further levels in both directions:

1. Below: 1.2235, 1.2092 and 1.2025
2. Above: 1.2319, 1.2460, 1.2581 and 1.2662
3. Current range: 1.2235 to 1.2319

OANDA’s Open Positions Ratio
EUR/USD ratio is almost unchanged in the Tuesday session. Currently, short positions have a majority (53%), indicative of EUR/USD breaking out and moving to lower ground.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
https://www.marketpulse.com/wp-conte...ll-300x200.jpg '
'

GU Southbound:

Friday,April 13, 2018 09:06

Hello FF Friends,

I had to manually close out some trades because I over-traded so when the PA went against me the DD became too high and my Marin% went below 100% so I had an official Margin Call. I will need to stay in the reversal zones of 61-100+ Fib levels and not over-trade to avoid this keeping my Margin% >= 150-200%. I will also stick with only 2 to 3 pairs that fulfill my PVSRA-PVT and MEME with small trades 6 Pips at a time.

Finally, I am sticking with Bearish trades as these have been the most success for me. That is trading when there a reversal trades in the to 61-200 Fib% Zones, tiny trades, no more that 3 Pairs and enough to cover my soft SL.

This error is just a learning experience. I am still in the positive too !

Regards,
John

AU +42.0

NU +37.2

AJ

BTW, if you use Oanda, it will be closing it's Classic GMT-5 and going to only their V2 MT4 GMT+2 platform around May 15th, 2018. I spoke with them yesterday. So,I will begin transferring my GMT-5 over to my V2 live account with time. But, I understand they will do it it automatically without having to close out open trades that could possibly loose money. So, they will just transfer your whole Classic GMT-5 to V2.

AJ +49.2

AU +69.6

NU +37.2

AJ +121.2

AU +120.0

NU +61.8



Have a great weekend !

Friday, April 13. 2018 14:01 EST

Tue Apr 17, 2018 1758

GU +97.2

EU +37.2

Wed 4-18-2018 10:45 am ET

GM FF Friends,